XCMG was born in 1943 as an arsenal workshop during the War Against Japanese Aggression and has a history of 72 years. The group was incorporated in 1989, and has kept its leading position in Chinese construction machinery industry for 26 years.

According to KHL's Yellow Table, XCMG ranks No. 8 in the world construction machinery industry in 2014. According to the rank of Top50 Summit of World Construction Machinery Industry, XCMG ranks No. 5 in the world.